Stable Performance with Good Momentum of Growth in 2020

In 2020, Industrial and Commercial Bank of China (the Group) did a good job in coordinating epidemic prevention and control, serving the real economy and business development. It continued to strengthen the foundation for stable development and created highlights in transformation and innovation, therefore achieving better-than-expected performance.

New breakthroughs were made in overall benefits. As of the end of 2020, the Group’s total assets exceeded RMB33 trillion. Domestic RMB deposits increased by RMB2.48 trillion, hitting a record high. On the basis of giving reasonable financial support to the real economy and strengthening asset quality, it registered RMB317.7 billion net profit, representing an increase of 1.4% year on year; pre-provision profit RMB594.8 billion, representing an increase of 4.2% year on year. Operating revenue recorded RMB800.1 billion, rising 3.1% year on year. Cost-to-income ratio remained at an excellent level. Asset quality maintained stable. Non-performing loans ("NPLs") ratio was 1.58%, staying within the moderate range. Both the ratios of overdue loans and special-mentioned loans declined. The annual scissors difference between overdue loans and NPLs turned negative for the first time. Coverage ratio and capital adequacy ratio (CAR) reached 180.68% and 16.88% respectively. Comprehensive strength took another step up. The Group ranked the 1st place among the Top 500 Banking Brands for the fifth consecutive year, and 1st on the list of Top 1000 World Banks for the eighth consecutive year. According to the advice of the Board of Directors, the total dividend payout for ordinary shares is expected to be RMB94.8 billion in 2020 , that is, RMB2.66 pre-tax dividend per 10 shares.